355 Melody LaneSaint AlbansME04971
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Saint Albans at 355 Melody Lane, Saint Albans, ME, 04971 earns $456/mo cash flow from $1,970/mo rent with a $1,174/mo payment. Total monthly income totals $1,970/mo, and annual cash flow totals $5,474/yr on $79,527 capital. ROI tracks 26.79% on current figures, and rental yield reads 9.85% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 139.96% and total cumulative return in cash sums $111,307. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,970/mo property income instead of your personal income.
Single Family
Built in 1900
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04971, Saint Albans, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,327 (100%) |
| Owner Occupied HU | 746 (56.2%) |
| Renter Occupied HU | 159 (12.0%) |
| Vacant Housing Units | 422 (31.8%) |
| Median Home Value | $228,736 |
| Average Home Value | $270,298 |
Housing Distribution
Address Breakdown
Residential
786
Single Family
770
Multi-Family
16
Businesses
30
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Listed by: N/A • RE/MAX Infinity
Mls Name: Maine Listings
Mls ID: #1639794